1859-O Liberty Seated dollar, ICG XF45; retained remarkable lustre

Description: 1859-O Liberty Seated dollar, authenticated / graded / encapsulated by ICG as Extremely Fine, XF-45. This Choice Extremely Fine silver dollar has original lustre, enough to help offset its fair share of bag marks and small scratches that, along with wear, merit its XF-45 grade. Problem-free coins are always an item of high value, especially in the Liberty Seated dollar market, where price is being pressured upwards. The rim mark near 6 o'clock on the reverse helps identify this unique specimen and fortunately did not reduce its grading prospects.This pre-Morgan dollar was minted in a branch mint in what was considered an exotic outpost city of the southern United States (and it may still be!). 1859-Os were intended for trade with China, and many were sent (not to return but recycled there). Many others were shipped to Northern banks, where they were help in safekeeping during the Civil War years and finally issued into circulation when the Coinage Act of 1873 brought down the price of solver so these dollar coins were no longer overvalued. As expected, then, this coin circulated some, but not heavily, and after a time was apparently set aside and saved in the next century and a half, until deposited in a bank or saved for a collection as Morgan dollars began to arrive in circulation. We don't know these things exactly and so they will remain part of the coin's mystery. The Real Deal - and given its appearance, one of a kind - 1859-O Liberty Seated dollar is offered for you here!

Price: 1279 USD

Location: Phoenix, Arizona

End Time: 2024-11-11T20:10:05.000Z

Shipping Cost: 0 USD